---
title: MAI Capital Acquires New Jersey RIA
description: FA/RIA Moves & Acquisitions
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/Basking%20Ridge%2c%20NJ%20photo.jpeg
---

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# MAI Capital Acquires New Jersey RIA

**Written by: ** John Washington, Data Research Analyst 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/Basking%20Ridge%2c%20NJ%20photo.jpeg)

MAI Capital Management has acquired LWS Wealth Advisors, a Registered Investment Advisor (RIA) firm with $562 million in assets, located in Basking Ridge, New Jersey. 

The acquisition was finalized on March 1, but the financial details of the deal were not disclosed. 

LWS specializes in providing asset management, family office services, and financial planning to high net worth and ultra-high net worth clients. As part of the acquisition, LWS will integrate into MAI's brand identity and operation structure. 

Lance Lipset, the founder and managing principal of LWS, will take on the role of regional president within MAI. He is supported by Senior Wealth Advisors, Gregg Cohen and Valeria Downs, and Client Service Specialist, Carala Mazzarino. This partnership will enhance LWS ability to offer tailored client services and expand into new areas like alternative investments. The acquisition marks the fourth deal this year for MAI, which also caters to the high net worth market segment.

To view the press release, [click here](https://mai.capital/lws-wealth-advisors/).

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